At some point, the dollar has to give. You can’t just keep printing money, and monetizing debt, and buying bonds, without the dollar imploding. – Peter Schiff
When the dollar collapses, it’s not doing it in a vacuum. If the dollar loses value, it’s doing so relative to some other currency. So the purchasing power that we lose, somebody else gets. – Peter Schiff
The Fed is the biggest enemy of this economy. In fact, Ben Bernanke, as far as I’m concerned, he’s public enemy No. 1. We’re never going to have a recovery while this guy’s in charge. – Peter Schiff
The left-wing agenda wants us to think that the reason there was a depression was because the government didn’t do anything. That’s not true. – Peter Schiff
Gold has intrinsic value. The problem with the dollar is it has no intrinsic value. And if the Federal Reserve is going to spend trillions of them to buy up all these bad mortgages and all other kinds of bad debt, the dollar is going to lose all of its value. Gold will store its value, and you’ll always be able to buy more food with your gold. – Peter Schiff
The government can’t create jobs; they’ll destroy jobs trying to do it. The government doesn’t have any money; all they have is a printing press. We need to free markets to create jobs; if the government wants to help, they should reduce their burden on the economy. – Peter Schiff
People should have an escape valve for their money, their assets. If you have substantial financial assets, the government is going to confiscate the purchasing power of those assets and spend it. – Peter Schiff
My mother always taught me that two wrongs don’t make a right. We shouldn’t bail out Wall Street. We shouldn’t bail out Detroit. It will cost the economy more than the cost of the bailout which is more than the politicians think. We’ll run into the hundred of millions to prop these companies up. – Peter Schiff
What got us out of the depression was capitalism, and we would have gotten out a lot quicker had the government not intervened. – Peter Schiff
One day we’re going to look back at $1,700 with nostalgia. People are going to be shocked at how inexpensive gold was when it could be snapped up for such a bargain price. – Peter Schiff
